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annual deficit deficit continueo shrink until 2017 when interest in health care costs increase deficits. in the next 10 years the u.s. will add almost $7 trillion to the national debt and totaled $26 trillion by 2023. while the national debt compared to the size of the economy stabilizes over the next decade, climbs much higher in the future. the director says the primary culprit, health care spending. >> we still see substantial growth in federal health care spending over the coming 10 years and beyond. that is importantly because the number of people who will be eligible for medicare will be rising very sharply. >> as the economic forecast, expecting gdp to expand 1.4% this year, 3.4% next year, average 3.6% to four years after that and slowing beyond there. expecting unemployment to average 8% this year and 7.6% next year, marking six straight years above $0.7.5, first time that has happened in 70 years. the recent tax increases and spending cuts on the economy, the office says they will cost one and a quarter percentage point to gdp and one half to 2 million jobs this year though wi
annual deficit deficit continueo shrink until 2017 when interest in health care costs increase deficits. in the next 10 years the u.s. will add almost $7 trillion to the national debt and totaled $26 trillion by 2023. while the national debt compared to the size of the economy stabilizes over the next decade, climbs much higher in the future. the director says the primary culprit, health care spending. >> we still see substantial growth in federal health care spending over the coming 10...
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that could happen sooner to depending on what happens to interest rates in the deficits. we are getting to that point. the difference in terms of real pain now in interest among we will be paying and is more than our entire defense budget which is a pretty big deal. gerri: here is another number that blew me away. 7 million people, 7 million people will lose their employer sponsored health care. you see how this happens because ultimately that penalty that you paid as an employer is less than what you would pay for full coverage. the smart and intelligent employer says and is going to let the federal government pick up the tab. this is not what we were promised. >> that's right. now what we were promised that all, and will we are told that even a modest plan under obamacare is likely to cost an american family $20,000 a year, that is a lot of people are going to do, not just employers, but individuals. this is a joy to result in more people going on to some form of government support and is going to result, perhaps, and a lot of people going without health insurance. it c
that could happen sooner to depending on what happens to interest rates in the deficits. we are getting to that point. the difference in terms of real pain now in interest among we will be paying and is more than our entire defense budget which is a pretty big deal. gerri: here is another number that blew me away. 7 million people, 7 million people will lose their employer sponsored health care. you see how this happens because ultimately that penalty that you paid as an employer is less than...
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Feb 6, 2013
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so that's 60% of the deficit right there. so this stuff about cutting taxes and that's going to stimulate the economy, this is supply side economics. >> it is. >> very much -- >> and it worked in the '80s under reagan and the '90s under bill clinton. >> reagan ran enormous deficits and clinton surplus. >> bill clinton cut spending with newt gingrich. not tax rates. never. >> the tax increases have happened. the tax increases have happened. that part of the balance is there. now it is time to look at the other side which is spending cuts and entitlement reform. that's what hasn't come yet. >> i have to get out. thanks very much. appreciate it. you're both great. so are house republicans prepared to put up a spending cut fight with the president some let's get t? let's get the gop perspective. mr. roscom, what is your response to president obama's rift today? >> well, look, this is president obama's sequester to pay for the old ket credebt ceiling deal. that being said, the president also in december last time you and i talked
so that's 60% of the deficit right there. so this stuff about cutting taxes and that's going to stimulate the economy, this is supply side economics. >> it is. >> very much -- >> and it worked in the '80s under reagan and the '90s under bill clinton. >> reagan ran enormous deficits and clinton surplus. >> bill clinton cut spending with newt gingrich. not tax rates. never. >> the tax increases have happened. the tax increases have happened. that part of the...
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they cannot afford to raise rates a lot, not with $16 there in deficit and the economy slightly diminishing, and, you know, this unemployment number, they can't afford to raise the rates. gerri: well, i hear you. i don't know if they are listening. rates slowly ticking higher here. will that do anything to the housing rebound. do you worry people will step back and not buy? >> no, not yet. when you look at it realistically, buy a $275,000 house with 5% down, your monthly payment is still less than in 1987 buying $175,000 house with 5% down. we're still in a better era today for housing than we have been in a long time, and rates are at 3.5%. i mean, that is still exponentially low. people need to understand where we were, where we are, and just move. if you want to refinance, it's time now. gerri: we're showing a graph, a chart of 30-year mortgage fixed rates from all the way back to 2008-2009, and it is the steep slope south to 20 # -- 2013. it's about comical people are worried about rates popping up because most people have never seen this in their lifetimes; right? how often in your car
they cannot afford to raise rates a lot, not with $16 there in deficit and the economy slightly diminishing, and, you know, this unemployment number, they can't afford to raise the rates. gerri: well, i hear you. i don't know if they are listening. rates slowly ticking higher here. will that do anything to the housing rebound. do you worry people will step back and not buy? >> no, not yet. when you look at it realistically, buy a $275,000 house with 5% down, your monthly payment is still...
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. >> today i'm pledging to cut the deficit we inherited by half by the end of my first term in office. >> will be closed no later than one year from now, guantanamo. >> transparencieiey and the rul of law. >> sean: the set of lies, a brand new set of you be kept promises and they're starting to buildup. remember when our fearless leader said this. >> no family making less than $250,000 a year will see any form of tax increase. >> nothing in this plan will require you or your employer to change the coverage or the doctor you have. >> we've been extraordinarily careful not to in any way undermine the employer-based system. >> that's why my proposal builds on the current system where most americans get their insurance from their employer. if you like your plan, you can keep your plan. >> sean: guess what, while he couldn't keep those promises either. middle class taxes have gone up and will continue to do so thanks to the administration. when it comes to obamacare, the cbo projects by 2022, 7 million americans will not be able to keep their employer insurance program thanks to obamacare.
. >> today i'm pledging to cut the deficit we inherited by half by the end of my first term in office. >> will be closed no later than one year from now, guantanamo. >> transparencieiey and the rul of law. >> sean: the set of lies, a brand new set of you be kept promises and they're starting to buildup. remember when our fearless leader said this. >> no family making less than $250,000 a year will see any form of tax increase. >> nothing in this plan will...
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but increasing taxes a bit, not coming to the big deficit deal. the private sector and even the markets don't seem all that concerned. the last week should cause a lot of people in washington to re-think what they're doing. i am not optimistic that will happen. joining me now, former economic adviser to vice president joe biden, jared bernstein, a man who is always re-thinking what he is doing, how are you? >> i'm fine, ezra. >> and what else did you see in the reports? you got a good eye, what caught yours? >> one thing i saw was the revisions to last year's employment growth was such that i thought we were adding 150,000 jobs a month in 2012. i thought it was okay. turns out we're adding 180,000 jobs per month last year. so we did a bit better. over 2 million jobs on the year. now on the gdp side, most economists, don't think it will stick. i think it it volatility, i think there were unusual things that happened. in the quarter to quarter changes, it is better to look year over year. >> and do you mean what happens in a month or two we'll get t
but increasing taxes a bit, not coming to the big deficit deal. the private sector and even the markets don't seem all that concerned. the last week should cause a lot of people in washington to re-think what they're doing. i am not optimistic that will happen. joining me now, former economic adviser to vice president joe biden, jared bernstein, a man who is always re-thinking what he is doing, how are you? >> i'm fine, ezra. >> and what else did you see in the reports? you got a...
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annual deficits continue to shrink until 2017 when interest and health care costs begin increasing deficits again. in the next 10 years, cbo says the u.s. will add almost $7 trillion to the national debt. the problem mostly? entitlements? the fix? painful. >> it is possible to keep tax revenues at that time their historical average percentage of gdp but only making substantial cuts relative to current policies in the large benefit programs that aid a broad group of people. >> now on the other side elmendorf says you can keep benefits the same but you've got to raise taxes substantially. let's go to the economic forecast here. cbo expects unemployment to average 8% this year and 7.6% next year, marking six straight years above 7.5%. that is the first time that happened in 70 years. as for growth, cbo expect as sluggish economy this year and growth to pick up next year. back to you. david: rich, all of these forecasts are subject to change. i haven't seen a growth forecast that has been accurate, i think in my lifetime? >> know it's funny, we kept asking are you certain about this detail? dou
annual deficits continue to shrink until 2017 when interest and health care costs begin increasing deficits again. in the next 10 years, cbo says the u.s. will add almost $7 trillion to the national debt. the problem mostly? entitlements? the fix? painful. >> it is possible to keep tax revenues at that time their historical average percentage of gdp but only making substantial cuts relative to current policies in the large benefit programs that aid a broad group of people. >> now on...
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president obama wants to preserve more spending, wants to cut the deficit by racing taxes. there are two different ideas of how to handle the economy. president obama won the election. the democratic party won the senate, and the republicans even lost a few seats in the house, so the democrats ar have just hd more momentum lately because they won. >> so what does that mean for us? >> well, it means -- it means that republicans are going to be fighting on the federal spening part but likely we're going to live in an economy that's structured according to president obama's wishes for the next four years because he got reelected. >> byron york, nice to see you from san francisco. always appreciate it. >> thank you, jenna. >>> the white house reaction to today's job report is this. the president's economic advisors saying critical investments are needed to promote job creation. that's part of the game plan. is more spending the answer here? former ohio democratic congressman and fox news contributor now dennis accuse k. spend what and spend it where? >> first of all, we can't b
president obama wants to preserve more spending, wants to cut the deficit by racing taxes. there are two different ideas of how to handle the economy. president obama won the election. the democratic party won the senate, and the republicans even lost a few seats in the house, so the democrats ar have just hd more momentum lately because they won. >> so what does that mean for us? >> well, it means -- it means that republicans are going to be fighting on the federal spening part but...
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. >> now, huge deficit in the state of california, and tax hike trying to fix it. we're learn that state is no longer makinga algebra a requirement for eighth graders, bad timing, they already have a hard time boein doing math. >> don't you love hypocrisy, politicians that california condition apply simple math, and now trying to dumb down the math system, if i was a smart family or business in california, i would take up rick perry's offer and move to texas with lower taxes and a better school system. >> adam, what do you make of this? >> it is this topic has nothingo with taxes. educators in southern california have a problem. students are not doing well in theira algebra classes they are following national standards that suggestion it might be better for students to wait, i think this is horrible. i would rather that everyone student in california hav algebra in eighth grade, that is the goal, the answer is get them prepared better, that is not just a tax issue, you could make it a tax issue. >so.liz: you are so humorless t. it flew over your head. >> i thought
. >> now, huge deficit in the state of california, and tax hike trying to fix it. we're learn that state is no longer makinga algebra a requirement for eighth graders, bad timing, they already have a hard time boein doing math. >> don't you love hypocrisy, politicians that california condition apply simple math, and now trying to dumb down the math system, if i was a smart family or business in california, i would take up rick perry's offer and move to texas with lower taxes and a...
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blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been under president obama. but the supposedly gigantic growth of those deficits is why congressional republicans are committed to us lurching from self-imposed crisis to self-imposed crisis instead of us working this stuff out like adults. the accusation that president obama has grown the deficit giantly since he has been in office is a very politically potent accusation. and when republicans say it, the beltway media tends to write it down as if it was true. it is not true. it has not been true for a very long time, and there is really no ex
blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been...
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keynesian can kicking, the economy has to be supported by a tril do i don't know dolla- trillion dollar deficit, if it is not we're going down the drain, that is nonsense, we cannot keep borrowing from future generations, and passing out money, and so we could have a little more gdp a quarter of a time, we have to face up to this, we did in 1980s, the system today is incapable, i blame the fed and greenspan for creating thar ofa wall street coddling. once they said they could not allow the stock market to drop more than 5%, and prop up the big wall street houses -- . charles: david, you criticized romney a lot during the election, talking about crony capitalism but the same token have you been a critic of paul ryan as well. so who has a solution? if mitt romney did not represent capitalism, this defore may be of capitalism in your book, what is that about? >> it is getting back to first principles and remembering what we used to think in the 19 70s, and 60s, and the 1920s, today it is such a lincoln day dinner rhetoric. romney was unwilling to cut defense, he said nothing about social security.
keynesian can kicking, the economy has to be supported by a tril do i don't know dolla- trillion dollar deficit, if it is not we're going down the drain, that is nonsense, we cannot keep borrowing from future generations, and passing out money, and so we could have a little more gdp a quarter of a time, we have to face up to this, we did in 1980s, the system today is incapable, i blame the fed and greenspan for creating thar ofa wall street coddling. once they said they could not allow the...
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. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big spending cuts. >> right. >> it was a deficit reduction package that worked. they continued to do more deficit reducing package with newt gingrich on the spending side throughout the decade and we're on our way to a surplus. >> that's right. i've been calling it the undecade, the 1990s has been written out of their record. they would have you believe that it was always the way it was under reagan and then bush. >> why don't they just say, leave off the clinton tax increase, which helped a lot, and just claim they did it for spending cuts? >> because if they do, if they admit that something nice happened in the '90
. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big...
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02/13
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we got that trade deficit number narrowest in three years. >> good numbers from china. >> if we can believe them. i don't know. depends how you feel about the numbers. still the numbers were there. that was some after what the market was chewing on today. but a low volume day. >> a lot of talk about apple. we're going go after apple in a second. everyone is talking about apple and its excess cash and what's going to happen and this lawsuit from mine einhorn. >> $137 billion dollar of excess cash. that's a lot of cash. should they be returning it to shareholders? einhorn says give it back to us in the form of preferred shares. he's filed this lawsuit. i think it's interesting really that apple even responded. so often you don't heart company say anything when all of this buzz is going around. i don't know what are going to do. i don't know what the right thing is to do. but i know they should make the shareholders feel like it's worth holding that stock. >> i think there's going to be a lot of movement on that. many thanks to cnbc's courtney reagan who's going to stay with us. we have two sa
we got that trade deficit number narrowest in three years. >> good numbers from china. >> if we can believe them. i don't know. depends how you feel about the numbers. still the numbers were there. that was some after what the market was chewing on today. but a low volume day. >> a lot of talk about apple. we're going go after apple in a second. everyone is talking about apple and its excess cash and what's going to happen and this lawsuit from mine einhorn. >> $137...
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now, at some point we're going to have to begin reducing the deficit. when we do, the economy will be weak. that will make the deficit challenge even greater. it's a negative feedback loop. right now when all these democrats say, look, mr. market is saying go ahead, borrow, we don't square. that is not a really market. that's the echols building. that's one side of washington telling the other side, don't worry, i'm buying all the bonds. now, if you think this kind of ponzi finance is anything to do with capitalism or free markets or anything to do with sustainability, then you've read an economic textbook that didn't even exist in 1995. dagen: david, thank you so much. david stockman, i know it's like facelift. like the first few you get it kind of hides your age, but eventually you're going to look, well, 8 6. connell: hasn't thought of it that way, but as always, you bring up a unique perspective. dagen: what? i'm really 75. connell: well, you look great. the ftc is pressing for new guidelines on the mobile industry. dagen: and if your worried you --
now, at some point we're going to have to begin reducing the deficit. when we do, the economy will be weak. that will make the deficit challenge even greater. it's a negative feedback loop. right now when all these democrats say, look, mr. market is saying go ahead, borrow, we don't square. that is not a really market. that's the echols building. that's one side of washington telling the other side, don't worry, i'm buying all the bonds. now, if you think this kind of ponzi finance is anything...
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. >> the fact is though, we can't finish the job deficit reduction through spending cuts alone. >> yes, we can. [ laughter ] >> we can. >> john: now, that is romance. before we go tonight. one more look at the radar on the scene from boston as the huge storm is getting ready to wrap you up. expected to dump as much as 3-foot
. >> the fact is though, we can't finish the job deficit reduction through spending cuts alone. >> yes, we can. [ laughter ] >> we can. >> john: now, that is romance. before we go tonight. one more look at the radar on the scene from boston as the huge storm is getting ready to wrap you up. expected to dump as much as 3-foot
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and tell him we love him. >> we had also seen reports that he may have asperger's or also attention deficit disorder, that he may have had a couple challenges like that. did you ever see anything like that? do you think -- how will that impact him here as he starts down this path of healing? >> well, i honestly believe that ethan will probably -- it's a shame that this had to happen but for any child that i believe will bounce back better than any child i know of, would be ethan. he meets no strangers and i just feel confident he's going to bounce back and we hope to have him in school as quickly as possible. >> so special that you say that. i want to ask you a little about his mother. you just heard me share the statement that she released to the media which was so eloquent and gracious. she also, according to a state senator, said this when the fbi, they were debating whether to go in and kill jimmy lee dykes earlier. she was the one, according to the state senator who said she put her hand on the officer's heart and said sir, don't hurt him, he's sick. smith told that today to abc news.
and tell him we love him. >> we had also seen reports that he may have asperger's or also attention deficit disorder, that he may have had a couple challenges like that. did you ever see anything like that? do you think -- how will that impact him here as he starts down this path of healing? >> well, i honestly believe that ethan will probably -- it's a shame that this had to happen but for any child that i believe will bounce back better than any child i know of, would be ethan. he...
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02/13
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. >> i believe the debt and deficit are crucial issues. that's why i am a republican. but the republican party has evolved. >> bill: i want you to announce on this program so we can have security remove you from the building at the same time. grab. >> i don't want to give a stump speech there is a fascinating argument to be made for a new kind of republican. someone who is not dogmatic and new jersey the kind of state. >> bill: run and we will see what happens. >> thank you. >> bill: menendez is through. >> junior senator. >> bill: he has done -- too much shady stuff with this doctor. i don't know what he did in the dominican republic and we'll find out what he did. even if he didn't do anything there. too much shady stuff with this doctor. he is now lost credibility. menendez has. and if he is forced resign, which i believe he may be. then christie is going to appoint a republican to take 34eus his place and there will be a special election, right? >> he would probably, i would guess appoint the man who lost in the race. if i were chris christie. >> bill: then there w
. >> i believe the debt and deficit are crucial issues. that's why i am a republican. but the republican party has evolved. >> bill: i want you to announce on this program so we can have security remove you from the building at the same time. grab. >> i don't want to give a stump speech there is a fascinating argument to be made for a new kind of republican. someone who is not dogmatic and new jersey the kind of state. >> bill: run and we will see what happens. >>...
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the trade deficit was minus $38.5 billion. a $10 billion improvement from november. the consensus and the estimate by the government was about $45 billion. so there's $10 billion -- $8 billion of additional gdp out there. what that ends up doing is adding 0.7% or 0.8% to the gdp. the negative number in the fourth quarter was positive -- it's positive right now. but that was not what i came here to talk to you about. that's not really the anomaly i care about. what we have is an interesting conundrum or dilemma or debate between jobs on the one hand, on growth on the other. let me show you this chart i put together just for you guys here. look at what happened to jobs. in the four quarters up to the third quarter, you had growth -- job growth of 540,000 per quarter and gdp growth of 2.5%, 2.6%. in the fourth quarter, you had job growth at 537,000. but what's the gdp number? there it is. r minus 0.1%. >> you think the job market may be getting worse? >> i think it's the opposite. >> what is the right answer here? >> it's going to be getting much better. i think you're
the trade deficit was minus $38.5 billion. a $10 billion improvement from november. the consensus and the estimate by the government was about $45 billion. so there's $10 billion -- $8 billion of additional gdp out there. what that ends up doing is adding 0.7% or 0.8% to the gdp. the negative number in the fourth quarter was positive -- it's positive right now. but that was not what i came here to talk to you about. that's not really the anomaly i care about. what we have is an interesting...
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lori: you look at our ballooning national debt in the battle over the current deficit. what is the best outcome? >> that would be for the federal government to reduce spending. that is just all there is to it. lori: where exactly? i have to interrupt you, we are not getting enough detail as to where those tough cuts should come. >> i think they should come from everything. we definitely have to have some entitlement reform. you are seeing an explosion in expenditures in all areas of government. it will have to be trimmed back. one of the things we will be doing is finding those areas in our respective jurisdictions. lori: how do you think about the meat cleaver, if you will, regarding the cuts? >> well, it will happen unless the president wants to come to talk to us about meaningful cuts. the house has passed two bills now. this president is basically says no and does not want to talk to us. he needs to come talk to us. otherwise, it will happen and it will be very tough on a lot of different areas. lori: one silver lining in this national small business association, or
lori: you look at our ballooning national debt in the battle over the current deficit. what is the best outcome? >> that would be for the federal government to reduce spending. that is just all there is to it. lori: where exactly? i have to interrupt you, we are not getting enough detail as to where those tough cuts should come. >> i think they should come from everything. we definitely have to have some entitlement reform. you are seeing an explosion in expenditures in all areas of...
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let's get the deficit down. big picture stuff that never really surfaced in the obama administration. >> it absolutely didn't. and again, perhaps that's a reason the council is going away. the recommendations that -- the big picture items that the council recommended were never really adopted by the obama administration, never pursued, despite the fact that these are people the president appointed and had significant business experience. and somebody again that would lend credibility to us as republicans and democrats in congress as a way to come together to get this country's economy moving. in my view, the situation has not changed. in fact, as we saw by the numbers you just reported, the lack of jobs, the slowing of the economy are still here, perhaps getting more evidence that things are going in the wrong direction, not the right direction. and all the more reason to have something to coalesce around the darn partisanship of washington, d.c. and the differences between congress. and i could say every time i
let's get the deficit down. big picture stuff that never really surfaced in the obama administration. >> it absolutely didn't. and again, perhaps that's a reason the council is going away. the recommendations that -- the big picture items that the council recommended were never really adopted by the obama administration, never pursued, despite the fact that these are people the president appointed and had significant business experience. and somebody again that would lend credibility to...
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i think for republicans they can't be the party of bob dole caring only about the deficit. they have to care about practical -- the reason you're so upset is you know it was a good speech. >> he went over to the aei, the number one war center, this is totally neocon. your thoughts. this is hopeless. i thought he'd admit the truth here today. >> it was a bit jarring to hear some of that coming from eric cantor who has been a warrior. >> hasn't he been the guy standing behind boehner's back waiting to trip him over because he's been too moderate? >> no question. he's been standing off center stage waiting for his opportunity to become speaker. i thought that there was a lot of practicality in the speech but i didn't think there were really big ideas. i think -- >> it was like sundries and notions in a drugstore. little items, like telling colleges they got to tell people what employment prospects there are for english majors. what's that about? cantor -- let's take a look. he took a approach that the university education should be more like a vocational school, a tech school,
i think for republicans they can't be the party of bob dole caring only about the deficit. they have to care about practical -- the reason you're so upset is you know it was a good speech. >> he went over to the aei, the number one war center, this is totally neocon. your thoughts. this is hopeless. i thought he'd admit the truth here today. >> it was a bit jarring to hear some of that coming from eric cantor who has been a warrior. >> hasn't he been the guy standing behind...
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we are also told he has attention deficit disorder. psychologically, how is this going to affect the little boy over the long term? >> i think any ability in any trauma that happens to a child, whether they have a psychiatric or mental health problem or not is going to fall heavily on them. the biggest message we can send to this child by his mother and father is he is safe and he is protected because he didn't feel safe and he wasn't protected and he ended up in this situation. that's the biggest impact on a child, especially after something is resolved. luckily, this is successfully resolved. but safety and protection is key for him. >> and of course, we don't know at this point what happened? we don't know whether there was sexual abuse or physical abuse or what happened in the bunker. >> exactly. right. and i mean the tendency is going to be to swarm around him to get information, both to help him and to understand what went down, down under that ground. but the bottom line is, the next few days are critical for this boy to bond wi
we are also told he has attention deficit disorder. psychologically, how is this going to affect the little boy over the long term? >> i think any ability in any trauma that happens to a child, whether they have a psychiatric or mental health problem or not is going to fall heavily on them. the biggest message we can send to this child by his mother and father is he is safe and he is protected because he didn't feel safe and he wasn't protected and he ended up in this situation. that's...
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Feb 8, 2013
02/13
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KCSMMHZ
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. >>> japan recorded a current account deficit for the second straight month. the first time the country has been in the red for several months in a row since officials started keeping track the way they do now. finance ministry officials say the current account deficit for december, $2.8 billion. the trade balance registered a deficit of $6 billion. exports fell 6.9%. imports up .8%. in yen terms over the previous year. the current account surplus for 2012 is the smallest based on comparable data based on 1985. surplus fell 50.8% to $50.2 billion. >>> china's total amount of trade soared 27% from january year earlier. but trade with japan posted much smaller growth. china's customs data shows exports totalled more than 180 billion. up 25%. the country imported 160 billion, showing an increase of 29%. the total amount of trade surged 27%. the jump is attributed mainly to dent in the same month last year. the lunar new year holidays fell in january 2012. >>> trade with japan grew slightly more than 10%. china's trade with asean climbed 43%. the data showed that
. >>> japan recorded a current account deficit for the second straight month. the first time the country has been in the red for several months in a row since officials started keeping track the way they do now. finance ministry officials say the current account deficit for december, $2.8 billion. the trade balance registered a deficit of $6 billion. exports fell 6.9%. imports up .8%. in yen terms over the previous year. the current account surplus for 2012 is the smallest based on...
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Feb 5, 2013
02/13
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MSNBCW
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you see this regarding eric cantor, who is giving a much-hyped speech regarding the deficit and towards a broader and more inclusive role they can play. he says mr. cantor can apply the existing gop policies. so that, i think at this point in time is a great question for the republican party at least right now. can their response to the 2012 election be to just change the tenor and temperature of their approach to politics rather than the actually policies. can they just stop primarying guys like dick luger without changing the approach to say, inequality. that is the message, changing your hope is different than changing your policies. it is great to have you both here, thank you for joining us. >> great to be here. >> molly, so can they? do they need to do more, need to sort of go back and look at policies or can you actually get pretty far just by changing the way your party acts in public? >> i think the answer is yes. they have to do both. and first of all the republicans find themselves in a situation that the democrats found themselves in maybe a decade ago, where they are on the
you see this regarding eric cantor, who is giving a much-hyped speech regarding the deficit and towards a broader and more inclusive role they can play. he says mr. cantor can apply the existing gop policies. so that, i think at this point in time is a great question for the republican party at least right now. can their response to the 2012 election be to just change the tenor and temperature of their approach to politics rather than the actually policies. can they just stop primarying guys...
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Feb 9, 2013
02/13
by
WJLA
tv
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democrats and republicans came together and made and manageables to our tax code that will bring down our deficit. this time congress should pass a balance of cuts and re tax loopholes until to replacend a way a smarter andwith longer-term solution. the sequestration deadline march 1. this will undoubtedly be one of a president will about in his state of the union address on tuesday. >> here is a date to circle on calendar -- tax day. some had a chance to get ahead at the deadline. it was all free of charge. tax time usually means headache time, but not for these residents today at the annual .ax affair they sat down with certified irs free of charge. >> to have it done for free dollars. -- saves dollars. >> those that qualified cashed in. .> it is great >> [indiscernible] preparation becomes difficult and usually more when you do not have to financial advice. they figure out what the .ptions they can take help them with those kinds of things. if you do not want someone else to file your taxes for you people you are learning how to file online and on the spot. .here are tax experts here people ca
democrats and republicans came together and made and manageables to our tax code that will bring down our deficit. this time congress should pass a balance of cuts and re tax loopholes until to replacend a way a smarter andwith longer-term solution. the sequestration deadline march 1. this will undoubtedly be one of a president will about in his state of the union address on tuesday. >> here is a date to circle on calendar -- tax day. some had a chance to get ahead at the deadline. it was...
WHUT (Howard University Television)
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Feb 8, 2013
02/13
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WHUT
tv
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the trade balance registered a deficit of about $6 billion. exports fell 6.9%. imports were up 0.8% in yen terms over the previous year. the current account surplus for 2012 turned out to be the smallest. the surplus fell 50.8% from the previous year to $50.2 billion. china's total amount of trade soared about 27% jayne from a year earlier. but it's trade with japan posted much smaller growth. china's customs data shows its exports totalled more than $180 billion last month, up 25%. the country imported about $160 billion worth of goods showing an increase of about 29%. the total amount of trade came to about $345 billion surging nearly 27%. officials attribute the jump mainly to a dent in the same month last year, the lunar new year holidays fell in january in 2012. trade with japan grew slightly more than 10%. that suggested bilateral ties soured over a territorial dispute. on the on the other hand japan's trade with southeast asian nations climbed almost 43%. the data showed that china's trade with this high growth region is expanding further. >>> here's anot
the trade balance registered a deficit of about $6 billion. exports fell 6.9%. imports were up 0.8% in yen terms over the previous year. the current account surplus for 2012 turned out to be the smallest. the surplus fell 50.8% from the previous year to $50.2 billion. china's total amount of trade soared about 27% jayne from a year earlier. but it's trade with japan posted much smaller growth. china's customs data shows its exports totalled more than $180 billion last month, up 25%. the country...
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Feb 8, 2013
02/13
by
CNBC
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in many ways between the fed and the deficit spending on the deficit level, even though it's going to be smaller this year, it's hard to beat, that so i think the sequester, where we really demonstrate that the growth in many ways is paid for because when you stop it's going to take away jobs, those kind of black reality swans will be the issue for the market ahead. >> brian gendron, where are you on this and how do you want to be invested? >> we don't think this rally is over entirely. if you extrapolate a 5% or 6% return we've had so far this year, we'll have one of the greatest stock markets of all time in the face of, you know, good earnings but not great earnings, in the face of still slow growth. i think that's a little unrealistic so we'll probably get a little bit of a pullback, unusual if we didn't. still recommending a substantial allocation to equities. this year looks like last year, political uncertainty. last year was a good year for stocks. as for stocks versus bonds, i've been thinking it was the end of a 30-year bull market in bonds for the past three years. by the sa
in many ways between the fed and the deficit spending on the deficit level, even though it's going to be smaller this year, it's hard to beat, that so i think the sequester, where we really demonstrate that the growth in many ways is paid for because when you stop it's going to take away jobs, those kind of black reality swans will be the issue for the market ahead. >> brian gendron, where are you on this and how do you want to be invested? >> we don't think this rally is over...
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Feb 8, 2013
02/13
by
KRCB
tv
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the trade balance registered a deficit of about $6 billion. exports fell 6.9% while imports were up about 0.8% from the previous year in yen terms. as a result, the current account surplus for the entire year of 2012 turned out to be the smallest based on comparable data available since 1985 the surplus fell 50.8% from the previous year to $50.2 billion. >>> and across oceans the president of the european central bank expects the region's weakness to prevail for sometime. policymakers at the bank decided to keep the key interest rate unchanged. it's at record low level to support europe's ailing economy. the members of the central bank decided the rate should be maintained at 0.75% for a seventh month in a row. european central bank president draghi said the decision is essential to support the region's economic activity which remains weak. >> the economic weakness in the euro area is expected to prevail in the early part of 2013. later, in 2013, economic activity should gradually recover, supported by our monetary policy stance. >> draghi sai
the trade balance registered a deficit of about $6 billion. exports fell 6.9% while imports were up about 0.8% from the previous year in yen terms. as a result, the current account surplus for the entire year of 2012 turned out to be the smallest based on comparable data available since 1985 the surplus fell 50.8% from the previous year to $50.2 billion. >>> and across oceans the president of the european central bank expects the region's weakness to prevail for sometime. policymakers...
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forecasting our future deficits. expect a lot of red ink. i expect a lot. president obama will miss his budget deadline. it is the third year and a row in the fourth time they have done that. you know, after all of that, i need a change of subject. i give you budweiser's clydesdale commercial. ♪ ♪ i took my love and i took it down mobile i climbed a mountain and i turned around ♪ ♪ stuart: that really was heartwarming. it was the number one super bowl ad. at 10:45 a.m., we have a very force on the road and the man who created that ad. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative
forecasting our future deficits. expect a lot of red ink. i expect a lot. president obama will miss his budget deadline. it is the third year and a row in the fourth time they have done that. you know, after all of that, i need a change of subject. i give you budweiser's clydesdale commercial. ♪ ♪ i took my love and i took it down mobile i climbed a mountain and i turned around ♪ ♪ stuart: that really was heartwarming. it was the number one super bowl ad. at 10:45 a.m., we have a very...
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Feb 9, 2013
02/13
by
WMPT
tv
eye 52
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trade deficit fell sharply last month. the combination now has economists believing the economy grew in the last few months of 2012, even though data out last week showed the economy fell slightly in the fourth quarter. but a closer look shows some cause for caution. darren gersh reports. >> reporter: the december trade numbers were much better than forecasters expected. the deficit between what the u.s. exports and what we import fell 21% to $38.5 billion. and that means exports likely boosted growth in the last three months of 2012. >> so this is a good sign that exports were a little stronger than we thought when the numbers were first estimated and that is obviously a good sign for the economy. again, the economy is obviously growing way too slowly, but at least on this note, i think it will be revised upward. energy is a now a bright spot for the u.s. economy. thanks to new fracking technology, surging domestic production cut crude oil imports last year by 227 million barrels. but that success was offset somewhat by i
trade deficit fell sharply last month. the combination now has economists believing the economy grew in the last few months of 2012, even though data out last week showed the economy fell slightly in the fourth quarter. but a closer look shows some cause for caution. darren gersh reports. >> reporter: the december trade numbers were much better than forecasters expected. the deficit between what the u.s. exports and what we import fell 21% to $38.5 billion. and that means exports likely...